3D Systems (NYSE:DDD) Price Target Cut to $5.00 by Analysts at Cantor Fitzgerald

3D Systems (NYSE:DDD) had its price target lowered by stock analysts at Cantor Fitzgerald from $5.75 to $5.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the 3D printing company’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 142.13% from the company’s previous close.

Several other brokerages have also recently issued reports on DDD. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday. Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday, March 22nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Friday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.67.

3D Systems Price Performance

DDD traded down $0.09 on Friday, reaching $2.07. The stock had a trading volume of 826,249 shares, compared to its average volume of 2,544,478. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $280.06 million, a price-to-earnings ratio of -0.52 and a beta of 1.63. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $5.00. The firm has a 50-day moving average of $3.51 and a 200-day moving average of $3.22.

Institutional Investors Weigh In On 3D Systems

A number of hedge funds have recently added to or reduced their stakes in DDD. Point72 DIFC Ltd acquired a new stake in 3D Systems in the 3rd quarter valued at $25,000. Murchinson Ltd. bought a new position in shares of 3D Systems in the third quarter valued at $28,000. HighTower Advisors LLC acquired a new position in shares of 3D Systems during the third quarter valued at about $31,000. Blue Trust Inc. increased its position in shares of 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after acquiring an additional 8,050 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of 3D Systems in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.